Digimarc (NASDAQ:DMRC) Shares Cross Above 200 Day Moving Average – What’s Next?

Digimarc Co. (NASDAQ:DMRC)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $32.53 and traded as high as $42.02. Digimarc shares last traded at $40.11, with a volume of 115,323 shares trading hands.

Analyst Ratings Changes

Separately, Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 target price on shares of Digimarc in a report on Friday, November 15th.

Digimarc Stock Down 1.7 %

The firm’s fifty day moving average is $37.75 and its 200 day moving average is $32.54.

Institutional Investors Weigh In On Digimarc

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC grew its holdings in shares of Digimarc by 240.9% during the third quarter. Barclays PLC now owns 25,172 shares of the information technology services provider’s stock worth $677,000 after buying an additional 17,788 shares in the last quarter. Kimelman & Baird LLC purchased a new stake in shares of Digimarc during the second quarter worth $18,249,000. Moody National Bank Trust Division purchased a new stake in shares of Digimarc during the fourth quarter worth $574,000. Woodson Capital Management LP grew its holdings in shares of Digimarc by 18.5% during the third quarter. Woodson Capital Management LP now owns 455,664 shares of the information technology services provider’s stock worth $12,248,000 after buying an additional 71,126 shares in the last quarter. Finally, Silverberg Bernstein Capital Management LLC grew its holdings in shares of Digimarc by 4.0% during the third quarter. Silverberg Bernstein Capital Management LLC now owns 459,933 shares of the information technology services provider’s stock worth $12,363,000 after buying an additional 17,880 shares in the last quarter. Hedge funds and other institutional investors own 66.85% of the company’s stock.

Digimarc Company Profile

Digimarc Corporation, together with its subsidiaries, provides automatic identification solutions to commercial and government customers in the United States and internationally. The company offers Digimarc Validate protects, a cloud-based record of product authentication information; Digimarc Engage, an interactive communications channel connecting brands and consumers; and Digimarc Recycle.